24 East Broad Street

Local assessors in Richmond, VA have categorized 24 East Broad Street as a commercial type of property. The home was built in 1915 and is 109 years old. It was most recently renovated and altered in 1941. The property's lot size has been calculated to be 2,891 square feet. The linear feet between the front and back of the lot was measured at 1,230 ft and the front of the lot was measured at 230 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 24 East Broad Street has a total of 8,132 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 24 East Broad Street is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". The home sources its water from none system. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with other control joints. Lots of brick were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 24 East Broad Street sold most recently in Aug 4, 2020 for a total of $630,000. If you work out the math, that's approximately a cost of $77.47 per sqft. Before that, the property was also sold for $120,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,412 in taxes each year. 24 East Broad Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,451,000. If we break it down further, the land itself was valued at $232,000. Improvements to the property, however, were assessed at a total of $1,219,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.